Nexchip Semiconductor (SHA:688249) will acquire 16.7% of Anhui Jingmei Photomask by increasing the latter's share capital by 200 million yuan, according to a Shanghai bourse filing on Tuesday.
The Chinese semiconductor foundry is among seven investors that will raise Jingmei Photomask's capital.
Jingmei Photomask will have a five million yuan registered capital and it is yet to commence operations. A total of 1.20 billion yuan will be invested into Jingmei Photomask.
Nexchip's shares slipped over 1% during late morning trade.
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